The Different Types of Bail Bond Services
There are basically four major kinds of bail bonds services that are widely used in the industry but, they can slightly different depending on the city, state and jurisdiction in which this service will be used. The 4 frequently used bond services to help a person get a temporary release from jail are cash bonds, surety bonds, immigration bonds and federal bonds.
Of course, each bond type has different purpose and use as what mentioned earlier. I strongly suggest that you keep reading if you like to learn more about this.
Number 1. Cash bonds – for this type of cash bond, it is being utilized in circumstances when the defendant, family members or friend requested to pay the bail in cash. Right after the defendant completed the requirement for the probationary terms of their arrest and showed up in all hearings, the money they paid will be returned. On the other hand, this bail easily costs around a thousand backs which is why it is not for everyone.
As a matter of fact, this cash may be saved for more significant or immediate needs instead of using it to obtain release from jail. However, this bond type is more popular option amongst elite, professional athletes, celebrities and several exclusive groups.
Number 2. Surety bonds – after arrest, this is another sought type of bond being used. When it comes to surety bonds, this works when someone gets arrested and taken into custody, they or another person might get in touch with an indemnitor such as bail bondsman to help them with the bail process.
In reality, these kinds of bail bonds normally include some sort of collateral for the bail amount required. This is because of the reason that the person who is about to be released will have court stipulations ongoing similar to counseling and drug testing that has to be completed or perhaps, the indemnitor wil take responsibility of the entire amount of bail.
Number 3. Federal bonds – in comparison to these, they’re not actually as popular as what mentioned earlier. This is all because of the fact that they will be used in federal crimes including tax evasion, bank robbery, embezzlement, kidnapping, counterfeiting, aircraft hi-jack and so on. For some good reasons, these bonds cost more than other kinds of bail bonds discussed.
Number 4. Immigration bonds – this is somewhat self-explanatory yet, it’s more complex than what average person thinks. They’re complicated as they’re intended for crimes that are involving foreign nationals and much like federal bonds, they’re pretty expensive as it is requiring the bail bondsman to take greater risks.